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PNGI Seeks Dismissal of Shareholder Suit

Penn National Gaming Inc. has asked a Maryland federal court to dismiss a lawsuit brought against the company for alleged securities violations inherent to its failed buyout deal earlier this year, claiming the legal action is an attempt by the plaintiffs to recover bad investment decisions.

MEC Reorganization Vote Postponed

MEC Reorganization Vote Postponed

The parent company of Magna Entertainment Corp. has called off a scheduled July 24 shareholder meeting to vote on a complex reorganization plan that has raised the ire of some large stakeholders.

Evans: CDI Committed to End ADW Dispute

Evans: CDI Committed to End ADW Dispute

A leading executive of Churchill Downs Inc. told a gathering of shareholders June 19 that he didn't know when a nasty revenue-sharing dispute with horsemen would be resolved, but promised the company would do its part in reaching a satisfactory conclusion for all.

Proposal: MEC Parent to Sell Interest

Proposal: MEC Parent to Sell Interest

The parent company of Magna Entertainment Corp. has announced a proposal that would result in the sell-off of its controlling investment in the racing company to entities affiliated with company founder Frank Stronach.

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